Shipping Corporation of India Faces Rs 60 Crore GST Demand for GSTR-2A Mismatch

The Shipping Corporation of India Limited has disclosed that it has furnished an appeal challenging an order passed by the Deputy Commissioner of State Tax with the Joint Commissioner of State Tax (Appeal-IV), Mumbai. The company has now received another order passed by the Joint Commissioner of State Tax (Appeal-VI) on March 11, 2026, which has confirmed a revised demand amounting to Rs 60.06 crore (including a tax component of Rs 29.08 crore along with applicable interest and penalty) against an original demand of Rs 160.37 crore (including a tax component of Rs 77.66 crore plus interest and penalty).

The company had received the impugned order on March 13, 2026, on the grounds of a discrepancy of ITC (Input Tax Credit) with GSTR-2A. The company is presently reviewing the details of the order and thinking about what next steps it should take in the current matter, and also about all possible options it has to challenge the demand order before the appropriate judicial authority. The company believes it has strong merit in the case.

The company further stated that the present disclosure is in continuation of an earlier disclosure made by the company on August 29, 2024. The company has made the aforementioned disclosure through a regulatory filing dated March 13, 2026, addressed to the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), issued under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.